A great multi-unit investment property & great cash flow! Has actual 6.1% CAP rate w/current income & expenses!! 2.1 acres of R-5 zoned land is ideal for a client looking for long-term cash flow, with big upside potential to develop into saleable homes in the future. Large parcels like this, with appropriate residential and not agricultural/conservation zoning, are rare to come by in this area. 8 older, plantation-style homes nestled on the plains below the gorgeous Waianae mountain range & steps to family-friendly Ma'ili Beach and Ma'ili Community Park. Rarely a day without sunshine, this coastal-town property epitomizes easy, country-living.? Immediately adjacent to Ma'ili Elementary School and Leeward Community College. 8 units; 7 structures total.
Off market
Street View
Zestimate®
$1,202,400
87 Saint Johns Rd #252, Waianae, HI 96792
--beds
0baths
8,112sqft
Multi-Family
Built in 1961
-- sqft lot
$1,202,400 Zestimate®
$148/sqft
$2,724 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Features
- Flooring: Hardwood
Interior area
- Total interior livable area: 8,112 sqft
Property
Parking
- Total spaces: 12
Features
- Exterior features: Wood
- Has view: Yes
- View description: Mountain
Lot
- Size: 2.19 Acres
- Features: Clear
- Topography: Level
Details
- Parcel number: 870040180000
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Multi-Family
Materials
- Wood
- Foundation: Piers
- Roof: Other
Condition
- Fair
- Year built: 1961
Utilities & green energy
- Sewer: Cesspool
- Utilities for property: Overhead Electricity, Telephone, Water
Community & neighborhood
Location
- Region: Waianae
Other
Other facts
- Construction Materials: Wood Frame, Above Ground
- Land Tenure: FS - Fee Simple
- Lot Features: Clear
- Property Frontage: Other
- Stories Type: One, Two
- Topography: Level
- Utilities: Overhead Electricity, Telephone, Water
- Parking Features: Open
- Sewer: Cesspool
- Easements: Sewer
- Property Condition: Fair
- Property Sub Type: Multi-Family
Sell with ease on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
$1,202,400
2% more+$24,048
With Zillow Showcase(estimated)$1,226,448